Impax Asset Management Group plc Purchases 5,142 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,530 shares of the company’s stock after acquiring an additional 5,142 shares during the quarter. Impax Asset Management Group plc’s holdings in Bright Horizons Family Solutions were worth $2,830,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its stake in Bright Horizons Family Solutions by 62.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock valued at $787,000 after purchasing an additional 2,739 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Bright Horizons Family Solutions during the 4th quarter valued at approximately $2,328,000. Ieq Capital LLC increased its stake in Bright Horizons Family Solutions by 513.4% during the 4th quarter. Ieq Capital LLC now owns 26,504 shares of the company’s stock valued at $2,938,000 after purchasing an additional 22,183 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Bright Horizons Family Solutions by 114.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company’s stock valued at $23,178,000 after purchasing an additional 111,760 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Bright Horizons Family Solutions by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock valued at $12,768,000 after purchasing an additional 35,959 shares in the last quarter.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group cut their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, UBS Group cut their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Stock Up 1.5 %

BFAM stock opened at $127.11 on Wednesday. The firm has a market cap of $7.40 billion, a PE ratio of 52.96 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm’s fifty day moving average is $117.62 and its 200 day moving average is $124.50. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.